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Buying a Business in Leicestershire

Buying a business

At Josiah Hincks Solicitors, we help buyers purchase businesses of all sizes. Whether you’re buying your first company or adding to an established group, our experienced corporate lawyers make sure every step is handled correctly — from initial heads of terms through to completion and beyond.

Buying a business is a major investment. We protect your interests by focusing on:

Thorough legal due diligence — so you know exactly what you’re buying.

Strong warranties and indemnities — so you’re protected against hidden issues.

A well-drafted purchase agreement — usually prepared by the buyer’s solicitors to ensure the deal works on your terms.

Josiah Hincks are solicitors in Leicestershire. Contact us now for expert advice on all commercial issues.

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Why legal due diligence matters when buying a business

Due diligence is essential. It’s how you verify what you’re buying and uncover risks that can affect price, structure and legal protections. We carry out targeted reviews of:

Our findings feed directly into the sale and purchase agreement (SPA or APA depending on whether you buy the shares or assets of a business), helping you secure the right protections before you commit.

Company structure and corporate records,

Contracts with customers, suppliers and landlords,

Employees and employment liabilities,

Intellectual property and IT systems,

Real estate, leases and planning,

Ongoing disputes, investigations or claims.

Warranties and indemnities — protecting your investment

The main safeguards for a buyer after completion are warranties and indemnities.

Warranties are statements by the seller about the business. If a warranty is untrue, you may be able to claim compensation for your loss.

Indemnities are promises by the seller to cover specific risks pound-for-pound — such as a pending tax enquiry or litigation.

We negotiate the warranties that reflects what we discover in due diligence, plus specific indemnities for any identified issues. We also agree practical time limits, liability caps and escrow or retention arrangements to make your protections enforceable.

Who drafts the business purchase agreement?

In UK practice, the buyer’s solicitors usually prepare the first draft of the share purchase agreement (SPA) or asset purchase agreement (APA). Drafting the agreement allows us to:

  • build in conditions that must be met before completion,
  • include strong warranty and indemnity provisions,
  • manage how the completion process will work in practice,
  • prepare ancillary documents like disclosure letters, board minutes, resignations and transfer forms.

We offer clear pricing – no surprises and a detailed scope and budget agreed before we start work. We have a dedicated and experienced team working on you business purchase.

If you’re buying a business talk to us first. We’ll explain your options, flag key risks and guide you through every stage of the process.

Call 0116 255 1811 or contact one of our Company Commercial team members to arrange a free 20-minute introductory call.

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